Google Earnings Fall Short of Expectations

Shares of the giant Internet company are down 3 percent in after-hours trading

Google reported Wednesday that its quarterly revenue rose 20 percent to $16.5 billion, while per-share earnings fell to $4.09 compared with $4.38 in the same quarter last year.

The third-quarter results were short of the expectations of analysts, and shares of Google were trading 3 percent lower after the closing bell after having fallen 1 percent to $524.51 during the regular session.